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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Electric who wrote (20251)	3/31/1999 9:01:00 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 42787

Running late so concur on market points. No, I am a hacker golfer so I stick with the course on base. Futures are up but not sure why, all I have read so far is warnings on missed earnings. Internets defy logic. I read a post last night when we were talking about money flow and where it was coming from. The average american is pulling money out of the market. The overseas money is what is keeping us a float which is why only the big names are rising. Foreigners know what IBM, PG, GE MSFT is etc so they are propping up the indexes. The money from stateside that is in the market is from daytraders. These are mostly naive inexperienced traders (that are making a mint <g>) but tend to stick with volatile fast moving stocks like AOL etc. Thus the bubble stocks get more air while the FA sound companies are deflating past over sold. I just answered an e-mail froma guy pointing out that one opf our favorite plays is now trading ata record low PE ratio in its 20 year history despite growth better than ever. I am about to switch to the Buffet style of investing and say the heck with trying to make gains now, and go for the long term. Buy the ones no one wants and wait for the market to return to reality. I will be able to sleep at night and won't have to live on line any more. <ggg> Good Luck, Lee